News ArticleMTAR Technologies Secures NCLT Sanction for Merger of Two Wholly Owned Subsidiaries
Merger effective from April 1, 2025, consolidating Gee Pee Aerospace and Magnatar Aero Systems into MTAR Technologies
MTAR Technologies Limited has received the National Company Law Tribunal's order sanctioning the merger of its wholly owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, into MTAR Technologies effective 1 April 2025.
MTAR Technologies Limited
Acquisition / Amalgamation / Merger / Demerger
MTAR Technologies Limited announced that the National Company Law Tribunal, Hyderabad Bench, has sanctioned the merger of its two wholly owned subsidiaries, Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited, with itself effective from April 1, 2025.
The sanctioned Scheme of Amalgamation provides for the merger of Gee Pee Aerospace and Defence Private Limited (Transferor Company 1) and Magnatar Aero Systems Private Limited (Transferor Company 2), both wholly owned by MTAR Technologies Limited (Transferee Company), into MTAR Technologies Limited.
The NCLT order dated October 28, 2026, allows the transferor companies to be dissolved without winding up, with the appointed date for the merger set as April 1, 2025.
Post-merger, the company will file a certified copy of the order with the Registrar of Companies within 30 days of receiving the certified copy.
Gee Pee Aerospace and Defence Private Limited, incorporated in 1988, specializes in manufacturing aerospace and defence components and development of new technologies for these sectors.
Magnatar Aero Systems Private Limited was incorporated in 2019 and is also engaged in aerospace-related activities.
Highlights
- NCLT Hyderabad Bench sanctions merger order on October 28, 2026.
- Merger effective from April 1, 2025.
- Gee Pee Aerospace and Defence and Magnatar Aero Systems are wholly owned subsidiaries of MTAR Technologies.
- Transferor companies will be dissolved without winding up procedure.
- MTAR Technologies will file certified copy of NCLT order with Registrar of Companies within 30 days.
- Gee Pee Aerospace has authorized capital of Rs 75,00,000 and paid-up capital of Rs 30,83,500 as of September 30, 2025, Magnatar Aero Systems has authorized capital of Rs 10,00,000 and paid-up capital of Rs 1,00,000.
Key Data Snapshot
What happened
- The National Company Law Tribunal has approved the Scheme of Amalgamation merging Gee Pee Aerospace and Defence Private Limited and Magnatar Aero Systems Private Limited into MTAR Technologies Limited.
- The merger is effective from 1 April 2025, binding the members, creditors, and employees of all companies concerned.
- The transferor companies will be dissolved without undergoing winding up procedures.
Key details
- Gee Pee Aerospace and Defence Private Limited was incorporated on 20 June 1988 and focuses on manufacturing aerospace and defence components.
- Magnatar Aero Systems Private Limited was incorporated on 4 November 2019 and operates in the aerospace sector.
- Gee Pee Aerospace's authorized capital is Rs 75,00,000 with a paid-up capital of Rs 30,83,500 as of 30 September 2025.
- Magnatar Aero Systems has an authorized capital of Rs 10,00,000 and paid-up capital of Rs 1,00,000 as of 30 September 2025.
Regulatory and governance context
- The merger order was passed under Sections 230 to 232 of the Companies Act, 2013, and related rules.
- MTAR Technologies will file a certified copy of the NCLT order with the Registrar of Companies within 30 days of receiving it.
- The National Company Law Tribunal hearing took place on 28 October 2026 at Hyderabad Bench II.
Highlights
- NCLT Hyderabad Bench sanctions merger order on October 28, 2026.
- Merger effective from April 1, 2025.
- Gee Pee Aerospace and Defence and Magnatar Aero Systems are wholly owned subsidiaries of MTAR Technologies.
- Transferor companies will be dissolved without winding up procedure.
- MTAR Technologies will file certified copy of NCLT order with Registrar of Companies within 30 days.
- Gee Pee Aerospace has authorized capital of Rs 75,00,000 and paid-up capital of Rs 30,83,500 as of September 30, 2025, Magnatar Aero Systems has authorized capital of Rs 10,00,000 and paid-up capital of Rs 1,00,000.
Disclosures
- Section 230 to 232 of the Companies Act, 2013
- Rule 15 and 16 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016
The merger involves wholly owned subsidiaries of MTAR Technologies Limited.
Not explicitly mentioned in the source.
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